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The Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged, RBI Governor Shaktikanta Das said in Mumbai on August 10, 2023. | Photo Credit: Emmanual Yogini The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Consequently,…
The Centre has countered the IT hardware industry’s request to defer the new import licensing norms by 9-12 months, asking the players to submit a plan to ramp up domestic production in phases. Domestic players that The Hindu Businessline spoke with said that the Centre expects hardware companies to value-add in the local manufacturing of computers and…
The Status Committee of Parliament on Chemical compounds and Fertilizers, headed by way of senior Congress chief Shashi Tharoor, in its two reviews tabled right here on Wednesday, has posed questions at the availability of fertilizers and a subsidy coverage. The panel has additionally wondered the prime GST fee on parts of fertilizers. The reviews…
The Centre hopes that the measure will assure enough home availability and take a look at the costs of rice, wheat and atta. | Photograph Credit score: REUTERS Involved over the rise in foodgrains costs, the Centre on Wednesday determined to moreover promote 50 lakh metric tonnes (LMT) of wheat and 25 LMT of rice…
India does not have a root certifying authority that is recognised or trusted by major web browsers such as Google Chrome, Mozilla Firefox, and Microsoft Edge. Which means Indian government and private websites are having to purchase SSL certificates from foreign certifying authorities. Image used for representational purposes only. | Photo Credit: Special Arrangement Cash…
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“The government has formed various Committees after the year 1947…including Standing Committee on Economic Statistics,” Minister of State for Statistics Rao Inderjit Singh said in a written reply to Lok Sabha. File | Photo Credit: PTI The government on August 9 said Standing Committee on Economic Statistics has been renamed as Standing Committee on Statistics….
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A man counts Indian currency notes inside a shop in Mumbai. File | Photo Credit: REUTERS The rupee appreciated 5 paise to settle at 82.86 (provisional) against the U.S. dollar on Wednesday, supported by a weak American currency against major rivals overseas. However, foreign capital outflows and surging crude prices in the international markets capped…
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File. | Photo Credit: Paul Noronha Equity benchmark indices closed higher on August 9, helped by fag-end buying in index majors Reliance Industries, ITC and M&M amid a positive start in European markets. Cautious trade prevailed in the markets for the most part of the day ahead of two major events — RBI’s monetary policy…
Read More “Markets bounce back on fag-end buying in RIL, ITC” »
E.I.D. Parry India Ltd.’s reported a loss of ₹46 crore the for June quarter due to reduction in sales volume. The largest sugar major had posted a standalone net profit of ₹13 crore in the comparable period, it said in a regulatory filing. Revenue from operations was lower by 3% to ₹698 crore. Input cost…
Read More “E.I.D Parry India posts net loss of ₹46 crore on reduced sales volume” »
The 30-share BSE Sensex fell 158.2 points to 65,688.30, extending its previous day’s weak trend. File | Photo Credit: PTI Benchmark equity indices declined in early trade on August 9 amid weak global market trends and continuous foreign fund outflows. Caution also prevailed in the markets ahead of the major events — RBI’s monetary policy and…
